ISLAMABAD: The Islamabad High Court (IHC) to resume hearing on a stay awarded to telecom companies in a case involving claims of over Rs 52 billion of Federal Excise Duty (FED) on Friday.
Pakistan’s leading four telecom-mobile companies had filed the case in IHC, challenging imposition of FED which exceeds Rs 52 billion.
A division bench of the IHC comprising Justice Noorul Haq Qureshi and Justice Aamer Farooq would hear the case.
Advocate Hafiz Munawar, counsel for the FBR, would represent the department.
Pakistan’s foreign currency deposits increase by $31m in September 2026
KARACHI: Foreign currency deposits in Pakistan increased by $31.31 million, or 0.45%, to $6.966 billion in September 2026 from $6.935...
